Spring home shopping was a bust because of COVID-19, but the fall hunt is robust, two reports released Wednesday affirm.
The cost of a single-family home in Massachusetts in September, $472,000, reflects an 18 percent year-over-year increase, and sales were up more than 27 percent, according to a report by The Warren Group, a real estate analytics firm and the publisher of Banker & Tradesman.
“Historically in September we start to see a significant slowdown in single-family home sales, but this proved not to be the case in 2020,” Tim Warren, CEO of The Warren Group, said via news release. “The total of 6,393 single-family sales marked the most transactions ever recorded in the month of September, and it’s clearer now than ever that there’s no shortage of demand.”
The same spring-to-fall shift was felt in the condo market: There were 2,490 condo sales in September, a roughly 26 percent